题目内容

What entries are required in relation to accounting for the deduction of income tax from salaries?

A. DR Wages control, CR Income tax liability
B. DR Cash, CR Income tax liability
C. DR Income tax liability, CR Cash
DR Income tax liability, CR Wages control

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Which of the following is NOT a reason for gross pay exceeding basic pay?

A. Bonus
B. Overtime
C. Holiday pay
D. Income tax

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A business owes $500 to a supplier. The supplier has also recently purchased goods on credit from the business of $200. They have agreed to offset these outstanding amounts. What would be the general ledger entries from the journal in the books of the business to account for this offset?

A. DR $200 Payables control account, CR $200 Receivables control account
B. DR $200 Receivables control account, CR $200 Payables control account
C. DR $300 Receivables control account, CR $300 Payables control account
DR $300 Payables control account, CR $300 Receivables control account

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Which of the following is NOT true of the journal?

A. It is a general ledger account
B. It is a book of prime entry
C. It can be used for the correction of errors
D. It can be used to account for irrecoverable debts

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The petty cash box contains vouchers in relation to payments of $235, vouchers in relation to receipts of cash of $35 and IOUs of $75. If the imprest is $750 how much cash should the petty cash box contain?

A. $750
B. $335
C. $555
D. $475

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What entries are required in relation to accounting for the deduction of income tax from salaries?

A. DR Wages control, CR Income tax liability B. DR Cash, CR Income tax liability C. DR Income tax liability, CR Cash DR Income tax liability, CR Wages control

Which of the following is NOT a reason for gross pay exceeding basic pay?

A business owes $500 to a supplier. The supplier has also recently purchased goods on credit from the business of $200. They have agreed to offset these outstanding amounts. What would be the general ledger entries from the journal in the books of the business to account for this offset?

Which of the following is NOT true of the journal?

The petty cash box contains vouchers in relation to payments of $235, vouchers in relation to receipts of cash of $35 and IOUs of $75. If the imprest is $750 how much cash should the petty cash box contain?

A. DR Wages control, CR Income tax liability
B. DR Cash, CR Income tax liability
C. DR Income tax liability, CR Cash
DR Income tax liability, CR Wages control